Gomez Company has 1,950 kg of raw materials in its December 31, 2020, ending inventory. Required production for January and February is 5,060 and 6,120 units, respectively. 2 kilograms of raw materials are needed for each unit, and the estimated cost per kilogram is $7. Management wants an ending inventory equal to 25% of next months materials requirements. Prepare the direct materials budget for January.

GOMEZ COMPANY Direct Materials Budget For the Month Ending January 31, 2021
Direct Materials Per UnitDirect Materials PurchasesTotal Materials RequiredUnits To Be ProducedBeginning Materials InventoryTotal Kilograms Required For ProductionCost Per KilogramTotal Cost Of Direct Materials PurchasesDesired Ending Inventory
Total Materials RequiredTotal Cost Of Direct Materials PurchasesUnits To Be ProducedDirect Materials Per UnitCost Per KilogramDesired Ending InventoryTotal Kilograms Required For ProductionDirect Materials PurchasesBeginning Materials Inventory
Beginning Materials InventoryTotal Kilograms Required For ProductionDesired Ending InventoryDirect Materials Per UnitCost Per KilogramTotal Materials RequiredTotal Cost Of Direct Materials PurchasesDirect Materials PurchasesUnits To Be Produced
AddLess: Cost Per KilogramTotal Kilograms Required For ProductionTotal Materials RequiredDirect Materials PurchasesUnits To Be ProducedTotal Cost Of Direct Materials PurchasesDirect Materials Per UnitBeginning Materials InventoryDesired Ending Inventory
Desired Ending InventoryUnits To Be ProducedDirect Materials Per UnitTotal Materials RequiredTotal Kilograms Required For ProductionTotal Cost Of Direct Materials PurchasesBeginning Materials InventoryDirect Materials PurchasesCost Per Kilogram
AddLess: Desired Ending InventoryTotal Materials RequiredUnits To Be ProducedCost Per KilogramDirect Materials Per UnitTotal Kilograms Required For ProductionTotal Cost Of Direct Materials PurchasesDirect Materials PurchasesBeginning Materials Inventory
Direct Materials PurchasesDirect Materials Per UnitTotal Cost Of Direct Materials PurchasesTotal Materials RequiredUnits To Be ProducedCost Per KilogramBeginning Materials InventoryDesired Ending InventoryTotal Kilograms Required For Production
Beginning Materials InventoryDirect Materials Per UnitTotal Materials RequiredUnits To Be ProducedDesired Ending InventoryCost Per KilogramTotal Cost Of Direct Materials PurchasesTotal Kilograms Required For ProductionDirect Materials Purchases		$
Direct Materials PurchasesTotal Kilograms Required For ProductionUnits To Be ProducedDirect Materials Per UnitBeginning Materials InventoryCost Per KilogramTotal Cost Of Direct Materials PurchasesTotal Materials RequiredDesired Ending Inventory		$

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